Wed, December 08, 2021

business

'Global markets expected to be propped up by government intervention'


Markets will continue to be supported by global policy intervention, according to SCB Julius Baer, which recommends staying invested but highly selective in the fourth quarter of 2020.

The strategic wealth management joint venture between Siam Commercial Bank and Julius Baer, the leading Swiss wealth management group, expects markets to be supported by government and central bank intervention as well as the development of a Covid-19 vaccine.

“We believe that global economic recovery is on track, led by strong monetary and fiscal stimulus and later by a cyclical recovery on the back of a vaccine. We continue to be constructive on equities but highly selective, particularly as we enter the more volatile weeks ahead of and during the US presidential elections,” said Joseph Caceres, the new head of investment advisory and solutions, SCB-Julius Baer Securities Co Ltd.

“We believe longer term structural shifts in the way we live and work will continue to drive the technology sector including across digital infrastructure, fintech and healthcare. We advise clients to stay invested but remain well-diversified and have a preference geographically towards the US and China,” Caceres suggested.

Published : November 06, 2020

By : The Nation